Florida FHA Construction Mortgage Loans with 3.5% Down Payment!

What is a Florida FHA Construction Loan and how does it work?

A FHA 3.5% down payment construction to permanent mortgage loan combines the features of a construction loan and a traditional long term 15 or 30 year fixed rate residential mortgage loan with a single loan closing prior to the start of construction. This is a big advantage because most construction loans require two closings one for construction and then another one when the home has been completed, saving you time and money. One of the best things is that you don't pay any interest or mortgage payments during the construction of your new home. The mortgage and builder approval process takes 60 to 90 days from start to finish and we allow the builder up to 8 months to complete the construction. 

We can get you a FHA Construction Mortgage Loan to build your dream home and also finance the land up to your counties FHA maximum loan limitsIf you already own the land and have equity built up we will give you credit for the equity so you can put little or no money down. Land can be presently owned, whether free & clear or with a mortgage or can be purchased simultaneously from the builder or even a third party.

Borrower Loan Requirements

  • 620 Credit Score
  • 3.5% Down Payment
  • Gift Funds are ok
  • No Foreclosures or Short Sales last 3 years

Program Requirements

  • Primary Residence only
  • Single Family Homes only
  • Florida only
  • Borrower can not perform any of the work
  • Minimum Loan amount $175,000


We offer loans in the entire state of Florida.
Monroe County Florida Cities; Big Pine Key, Islamorada, Key Colony Beach, Key Largo, Key West, Long Key, Marathon, Marathon Shores, Sugarloaf Shores, Summerland Key, and Tavernier
Collier County Florida Cities; Marco Island, Naples Golden Gate,
Lee County Florida Cities: Alva, Boca Grande, Bonita Springs, Buckingham, Captiva, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, Sanibel and Jacksonville, Tampa, Saint Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, Pembroke Pines, Miami, Palm Beach, West Palm Beach, Boca Raton, Miramar, Sarasota, Gainesville, Bradenton

Got A Question?

Thanks and we look forward to working with you with your mortgage needs!

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